Remitly Global had its Relative Strength (RS) Rating upgraded from 78 to 83 Tuesday.
This exclusive rating from Investor's Business Daily identifies price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the top-performing stocks typically have an 80 or better RS Rating in the early stages of their moves.
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Remitly Global has climbed more than 5% past a 15.14 entry in a first-stage cup with handle, meaning it's now out of a proper buy zone. Look for the stock to offer a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
The company reported 0% EPS growth in the latest quarterly report. Revenue gains came in at 39%.
The company earns the No. 25 rank among its peers in the Financial Services-Specialty industry group. Marex Group, Sezzle and Tradeweb Markets are among the top 5 highly rated stocks within the group.
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